Qualified Institutional Placement (QIP) is a fundraising tool through which a company raises capital by issuing equity shares, fully and partly convertible debentures, or any securities other than warrants which are convertible to equity shares. The only parties eligible to purchase QIPs are Qualified Institutional Buyers (QIBs), which are accredited investors, as defined by the market regulator. For more details, please refer – Institutional Placement Programme